K. T. Jithendran , CEO
The Indian real estate sector which had been in a state of flux for the past few years is today witnessing a rise in demand for residential, commercial and retail space across urban centers throughout the country. Contributing to this phenomenon are factors such as rapid urbanization, rising household incomes, the growing economy along with government initiatives such as ‘Smart Cities’ and ‘Housing for All’. While the demand for real estate is on an upward swing, the sector is also undergoing a series of fundamental reforms on regulatory and macroeconomic fronts such as implementation of the Real Estate (Regulation and Development) Act, implementation of a low interest rate regime, as well as reforms on Goods and Services Tax. As a consequence, the traditionally fragmented and unregulated market is now making way for consolidation and rise of corporate and organized players.
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10 Best Real Estate Companies in Mumbai – 2019
Mumbai a city that never sleeps is a land of dream & aspiration for many millennials. With demonetization and RERA, property prices in Mumbai have stabilized to some extent, but it still remains India’s most expensive housing market. The population of this metropolitan has risen by 983 percent since 1911 as per the census 2011, hence the demand is always outstripping supply. Today, there are many malpractices and significant delays happening in real estate business that not only impact developers in term of paying high interest rates for finance borrowed from banks but also proof to be costly for consumers who have investment their hard-earned money in these properties. To overcome these barriers in the real estate sector, Indian government has introduced real estate regulatory authorities (RERA) in every state and Maharashtra was among the first to establish RERA. Under this, every developer in Mumbai who is building either more than 500 square metres or have eight apartments has to register with the authority and furnish detailed information about their ongoing projects along with information of any litigation on the project. Failure to furnish accurate & complete information charges penalties to developers, whereas they have to render estimated time for completion of project and pay interest to homebuyers in case of delays. This in-turn provoked several people to buy their dream home in Mumbai, even though the prices of the property are bit higher. To help these aspiring would be home owners, CEO Insights brings to you ‘10 Best Real Estate Companies in Mumbai – 2019’. The enlisted companies have been influential & instrumental in transforming Mumbai real estate sector. Post diligent research and thorough analysis, the expert panel of CEO Insights along with industry experts has finalized the list. These companies are setting new benchmarks in terms of quality, design, architecture, environment balancing, amenities and technology.
Company Logo | Company Management | Company Name | Company Description |
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K. T. Jithendran, CEO | Birla Estates | Offering exceptional quality Residential & Commercial real estate projects, backed by best-in class after sales customer support and never compromising on transparency, commitment, quality and superior design |
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Vivek Mohanani, MD & CEO | EKTA World | With a vision to bring smiles globally, the company develops a spectrum of residential projects in accordance with the residents’ lifestyles and delivering peace of mind |
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Adi Godrej,Chairman Emeritus | Godrej Properties | Having proven excellence in the construction of Residential, Commercial and Township Projects 12 major Indian cities, with 89.7 million sq. ft. area currently under development |
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Lachmandas Raheja , Founder | K. Raheja Group | An established name in the Real Estate and other sectors, expertised in Lifestyle and Business style High-end projects |
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Abhishek Lodha, CEO | Lodha Group | One of India's premier real estate companies specialising in developing a wide range of residential & commercial properties that include Integrated Townships, Hi-Rise Buildings, Retail & Shopping Malls, Schools, and many others |
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Sangeeta Prasad, MD & CEO | Mahindra Lifespace Developers | One of India’s most trusted developers and a front runner of Sustainable Urbanisation in India |
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Vikas Oberoi ,Chairman & Managing Director | Oberoi Realty | Enrooted over three decades ago with a view to redefine living, by building efficiencies for its everyday flight of ambition and purpose led growth delivering the cutting-edge construction with best global parameters to match or surpass |
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Subhash Runwal , Founder & Chairman | Runwal Group | With over 4+ decades of creating premier real estate developments across residential, commercial and organised retail verticals, the company is well known for its excellent work, utmost professionalism and guaranteed customer satisfaction. |
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Amit Thacker, MD | SD Corp (JV of Shapoorji Palloji & Dilip Thacker Group) | Creators of the prestigious Imperial Towers, SD Corp is one of Mumbai’s most acclaimed real estate developers with a spectrum of landmark and township projects, offering impeccable design, infrastructure, quality and living experiences |
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Sanjay Dutt, MD & CEO | TATA Housing Development Company | One of the pioneer real estate companies in India to foray into the low cost housing segment, along with proven mettle in affordable housing, luxury, and ultra-luxury housing projects that are certified by the Indian Green Building Council |
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